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Wiley - Chapter 7: Cash and Receivables

Wiley - Chapter 7: Cash and Receivables

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Published by Ivan Bliminse
Intermediate Accounting, 13th Edition,
Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Intermediate Accounting, 13th Edition,
Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Categories:Types, Reviews
Published by: Ivan Bliminse on Nov 16, 2012
Copyright:Attribution Non-commercial

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03/05/2015

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Chapter7-1
Receivables 
Chapter
7
 
Chapter7-2
Receivables 
Written promises to paya sum of money on aspecified future date.Claims held against customers and othersfor money, goods, or services.Oral promises of thepurchaser to pay forgoods and services sold.
AccountsReceivableNotesReceivable
 
Chapter7-3
Examples:
Nontrade Receivables
1.
Advances to officers and employees.
2.
Advances to subsidiaries.
3.
Deposits to cover potential damages or losses.
4.
Deposits as a guarantee of performance or payment.
5.
Dividends and interest receivable.
Receivables 

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